Posted by: tonygurney | June 14, 2011

Cost of the Union to every Scot – ??2, 413 each year

Scots must pay ??12.546 billion every year just to stay in the Union according to Office of National Statistics (ONS) information. UK public sector net borrowing (excluding financial interventions) was ??139.4 billion in the year 2010/11 and so Scotland’s share based on 9% population amounts to ??12.546 billion.

This is at least the annual cost for Scots of remaining within the Union as Scotland’s national accounts show a surplus meaning none of the debt is accrued in Scotland.

According to world-renowned economic expert Professor Andrew Hughes Hallet Scotland’s economy, unlike the UK economy is in robust shape:

???Scotland???s accounts, rather than those compiled in London, show that Scotland has a small net surplus, rather than being a net beneficiary from the UK.”

The bad news for Scots is that the UK treasury is accruing debt which is accelerating owing to bad house-keeping south of the border and dragging the Scottish economy down with it.

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